×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Kenya Power to give up Sh20b assets in major State overhaul

Kenya Power employees in a mobile workstation at Uhuru Gardens during Labor Day celebrations. [Denish Ochieng, Standard]

The government is embarking on a major restructuring of Kenya Power that is expected to put the company firmly back on a growth path, but one that will also see it give up a huge chunk of its assets.

In the plan that received Cabinet approval last week, Kenya Power will offload its transmission lines to Kenya Electricity Transmission Company (Ketraco) which are estimated at Sh20 billion.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in